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5550 Denny Avenue

North Hollywood, CA 91601

About this property

This 8 unit apartment building is located in the heart of North Hollywood, and just a few blocks from the NoHo Arts District. 5550 Denny Ave is surrounded by single family homes in a low density street with both onsite and offsite parking. The property has great curb appeal with all new concrete, new entrance gate and planters. Per the Seller, in 2019 the building was updated to all new copper plumbing and a new roof . All electrical panels are currently be replaced. This property has an attractive unit mix of one & two bedroom units, and is separately metered for gas and electricity. At list price, this has an attractive 6.32% CAP with an additional 25% rental upside.

About this property

This 8 unit apartment building is located in the heart of North Hollywood, and just a few blocks from the NoHo Arts District. 5550 Denny Ave is surrounded by single family homes in a low density street with both onsite and offsite parking. The property has great curb appeal with all new concrete, new entrance gate and planters. Per the Seller, in 2019 the building was updated to all new copper plumbing and a new roof . All electrical panels are currently be replaced. This property has an attractive unit mix of one & two bedroom units, and is separately metered for gas and electricity. At list price, this has an attractive 6.32% CAP with an additional 25% rental upside.

Features and Additional Information

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$2,100,000 Pending
6,068 SQFT
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Area Information

NHO North Hollywood | Los Angeles County |

$ 2,100,000
This listing is play_arrow 208.8% higher than the average in the area
$ 679,999 in the area
6,068 SqFt
This listing is play_arrow 397.4% larger than the average in the area
1,220 SqFt in the area
$ 346 $/SqFt
This listing is play_arrow 37.9% less than the average in the area
$ 557 $/SqFt in the area
88 days on site
This listing is play_arrow 9.3% below the average in the area
97 days on site in the area

Schools in the Area

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    Elementary School
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Listed By Henry Garcia
Brokerage: Real Broker 619-663-8680

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